The Sharing Economy

In this booming technological age, American citizens are connected with each other like never before. Innovators are taking advantage of this new-era connectivity to build companies that rely solely on peer-to-peer contact. Companies such as Airbnb, Uber, and Taskrabbit are all examples of companies that network strangers together in order to optimize the wants and needs of both parties in the transaction. In economics, this has become known as the “sharing economy.” These “innovative” companies are simply eliminating transaction costs by kicking out the middleman. By doing so, people are able to better optimize their time and money and hopefully Continue reading The Sharing Economy

We Performed a Free Money Experiment, Results: Very Few Takers

Last Friday fellow blog writer Janne and I decided to run a little experiment. The idea was simple enough: offer free money to everyone and see if they take it. The results were not so simple: hardly anyone took our money. Now it leaves us wondering why. Let’s set up the circumstances. Janne and I began tabling outside the SUB at 10:30 and stayed there until 12:00. All that was on our table was a jar of coins and 1 dollar bills, as well as sizeable sign that read “Free Money, No Joke No questions” with an arrow pointing to Continue reading We Performed a Free Money Experiment, Results: Very Few Takers